Summary: Since the landmark achievements in artificial intelligence technology in the early 2020s with software like ChatGPT and DALL-E, the AI sector has been growing exponentially. AI stocks under $10 now could rise in value for a massive benefit to investors. This guide will display the 3 best artificial intelligence stocks under $10 and show you how to buy them using an online brokerage like Interactive Brokers.
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What are AI stocks?
Artificial intelligence (AI) stocks are shares in companies that work on developing artificial intelligence for further application in businesses across virtually every sector of human commerce.
As the potential applications of artificial intelligence reveal themselves, it seems as if our society needs to brace for an AI revolution that will reshape the global market, employment, and productivity growth. The only point of debate among experts is how soon these changes will start affecting us. Conversely, these AI stocks could potentially surge in value as a result.
Whether due to still being fledgling startups or the market not recognizing them yet for some reason, these undervalued tech stocks could reach their full potential when artificial intelligence takes on a more prominent role in our society in the future.
3 best artificial intelligence stocks under $10 to buy this month
After a detailed analysis of the stock market, we give you our choice of the 3 best AI stocks under $10 to consider investing in this month:
- Nerdy (NYSE: NRDY);
- SoundHound AI (NASDAQ: SOUN);
- Bullfrog AI (NASDAQ: BFRGW).
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
AI stock under $10 #1: Nerdy (NRDY)
Nerdy, Inc. (NYSE: NRDY) is a live online learning platform that leverages AI technology to transform the way people learn. Its flagship platform, Varsity Tutors, is among the largest online platforms for live tutoring and classes in the US.
Nerdy offers personalized live learning experiences for learners of all ages in over 3,000 subjects with the help of AI. The company curates a select group of experts with excellent communication and teaching skills and connects them to learners, while AI and process automation allow this to be upscaled. The platform supports multiple formats, from one-on-one instructions and small group classes to large groups and adaptive self-learning.
Consistent financial performance and potential future growth make Nerdy, currently trading under the ticker NRDY on the NYSE, one of the best artificial intelligence stocks under $10 to buy right now.
NRDY stock price today
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AI stock under $10 #2: SoundHound AI (SOUN)
SoundHound AI, Inc. (NASDAQ: SOUN) is an audio and speech recognition company focusing on natural language understanding, sound recognition, and search technologies. It leverages AI technology to deliver products and services such as Houndify, a voice AI developer app; SoundHound Chat AI, a voice assistant; and SoundHound mobile app that recognizes music.
Founded in 2005 in Santa Clara, California, SoundHound is devoted to fostering voice interaction with products and technology. By utilizing AI, the company produces custom voice assistants and conversational AI to simplify communication and break down the barrier between users and artificial intelligence.
SoundHound AI is trading under the SOUN ticker on the NASDAQ and represents one of the best AI stocks under $10 to invest in this month.
SOUN stock price today
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AI stock under $10 #3: Bullfrog AI (BFRGW)
Bullfrog AI Holdings, Inc. (NASDAQ: BFRGW) is a biotechnology and life science company using AI and machine learning to advance medical research and improve human health with lifesaving therapies.
The company leverages artificial intelligence and machine learning to develop its platform, bfLEAP. It is an analytical tool able to tackle the issues of scalability and flexibility of the current medical research, as well as making it quicker and decreasing risks in the drug discovery process and clinical development. Furthermore, it delivers more workable data by offering a multi-dimensional understanding of its scientific conclusions, securing its position as an artificial intelligence stock under $10 to potentially gain value in the future.
Bullfrog AI is dedicated to streamlining and pushing the boundaries of drug development and clinical analysis with the help of machine learning. It is trading under the BFRGW ticker on the NASDAQ.
BFRGW stock price today
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Where to buy artificial intelligence stocks under $10
You can trade AI stocks under $10 using a third-party online brokerage, and our preferred choice for this is Interactive Brokers. This regulated and renowned exchange hosts over 2.2 million and offers a plethora of features, including:
- Global stock-trading on 90+ market centers;
- Fractional shares;
- No minimum deposits;
- Charting tools;
- Additional income on fully paid shares;
- Lowest financing rates for margin accounts.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
Pros and cons of buying artificial intelligence stocks under $10
Pros
- Affordability and growth potential: Artificial intelligence stocks priced under $10 allow investors with smaller budgets to enter the market, and smaller AI companies tend to have substantial growth potential over time as the research advances and finds further application;
- Early adoption: Investing in emerging could allow entry into emerging technologies and innovative companies before they become more widely recognized and their stock prices increase;
- Potential acquisitions: Penny AI stocks tend to be smaller companies that could become attractive targets for larger companies looking to acquire innovative technologies. Such outcomes could lead to premium buyout prices for shareholders;
- Diversification: Lower-priced stocks can provide opportunities for diversification, especially for investors with limited funds. Investing into these artificial intelligence stocks could leave more capital to be delivered across a broader range of assets.
Cons
- Financial stability: Smaller companies are marked by lower financial stability than larger, more established brands. Lack of large assets can leave them more vulnerable to economic downturns or sector-specific challenges;
- Volatility: Lower-priced stocks can be more volatile. Prices of such stocks may shift significantly in response to various market trends;
- Limited access to information: Smaller companies may have less publicly available information. Investors could find it challenging to thoroughly research and analyze the financial health, management, and competitive position of these artificial intelligence stocks;
- Liquidity concerns: Stocks with low prices usually have lower trading volumes, leading to liquidity issues, which makes buying or selling such shares at target price more challenging;
- Survival risk: Tiny AI companies can fail to survive the fierce AI market competition, technological challenges, or financial struggles. Investing in AI stocks under $10 carries a higher risk of potential losses.
If you are interested in further investing in the artificial intelligence industry, you might want to consider these AI-related guides:
- How to buy Google Bard stock;
- How to buy Bing AI stock;
- How to buy OpenAI stock;
- How to buy Deepmind stock;
- How to Buy Midjourney Stock;
- How to buy ChatGPT stock;
- How to buy Upstart Holdings stock;
- How to buy Baidu stock;
- How to buy C3.ai stock;
- How to buy Dynatrace stock;
- How to buy Veritone stock;
- How to buy Splunk stock;
- How to buy Synopsys stock;
- How to buy BrainChip stock;
- How to buy Anthropic stock;
- How to buy UiPath stock;
- How to buy Snowflake stock;
- How to buy Databricks stock.
Common mistakes to avoid when investing
Make sure to avoid these common investing mistakes:
- Lack of research: Research the artificial stocks under $10 in detail, along with the market state of the AI industry, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about AI stocks
Are artificial intelligence stocks under $10 suitable for beginners?
If you are willing to take some risk and aim for a long-term investment, tech stocks can be suitable for beginners.
Is it safe to invest in artificial intelligence stocks under $10?
Buying individual stocks always carries a degree of risk, and this rule applies even more to AI penny stocks and stocks under $10. However, with high risk come high potential rewards. Perform your own research and follow the guidelines provided in this article before you spend any money.
How to invest in AI stocks?
Investing in AI stocks is straightforward; you must register an account with an online investing service like Interactive Brokers, transfer some funds, and buy the shares.
What are the best artificial intelligence stocks under $10 to buy this month?
Some top AI stocks under $10 to invest in this month include Nerdy, SoundHound AI, and Bullfrog AI.
Is AI good for investing?
Some estimate that the AI market will continue to rise at considerable pace at least until 2030. If that is the case, investments into artificial intelligence stocks, even those under $10, could yield significant returns in the future.
